Test 1 27/4/2020
You are provided with the following information from the books of Yappy
traders for the period ended 30/9/2016.
Trade receivable balances: Debit
Credit
Trade payables ledger
: Debit
Credit
Credit purchases
Credit sales
Returns inwards
Returns outwards
Petty cash paid to suppliers
Cash and cheques paid to trade payables
Cash and cheques received from trade receivables
Irrecoverable debts
Provision for irrecoverable debts
Discount received
Discount allowed
Cash sales
Trade receivables balances transferred to trade payables
Trade receivables credit balances
You are required to prepare:
a) Trade receivables ledger control account
b) Trade payables ledger control account.
£
11 443
90
123
9 800
101 305
132 441
456
326
1 450
77 330
60 944
1 220
400
1 117
553
44 990
141
100